Veranda Learning IPO to open on March 29, 2022
The issue open on 29th march and closed on 31st march 2022
Veranda Learning Solutions Limited was incorporated in November 2018. The company is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline structured formats to students, aspirants, graduates, professionals and corporate employees. They are also planning an outlay of around $100 million for acquisitions over the next 6 months.
The company is coming up with a fresh issue of equity shares up to Rs 200 crores. The Price Band per share has been finalized at Rs 130 to Rs 137 for a face value of Rs 10 each. The bids can be made for a minimum of 100 Equity Shares and thereafter in multiples of 100 Equity Shares. The issue open on 29th March and closed on 31st March 2022. It will be listed on the both BSE and NSE exchange. Up to 75 per cent of the total offer is reserved for qualified institutional buyers, 15 per cent for non-institutional buyers, and the remaining 10 per cent for retail investors.
The company offers learners enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term up-skilling and re-skilling courses. Veranda offers wide-ranging long term and short term foundation courses in a simple and coherent manner for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways and Chartered Accountancy.
Veranda provides integrated 360 degree training to the students by providing them with comprehensive courses prepared by their content team, which prepares the students for competitive exams. They have engaged experienced and qualified Mentors to provide guidance and support to each of their students and track their progress on a regular basis.
Some of the competitive strengths of Veranda learning are:
- Its proven track record of the promotors.
- Result oriented method of teaching, Track record of successful acquisition and expansion.
- Technology driven, Asset Light & Scalable business model
- Pandemic Proof Model.
- Use opportunistic and strategic acquisitions to rapidly expand offerings and customer reach.